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Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag (from 326m), Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag
Newsfile· 2025-12-02 11:00
Core Insights - Group Eleven Resources Corp. announced positive drilling results from the Ballywire discovery, revealing unexpected robust Zn-Pb-Ag mineralization south of the main discovery trend, which enhances the potential for additional mineralized zones [3][10] - The company is currently conducting an ambitious drilling campaign with four rigs operating in Ireland, aiming to unlock the full potential of the Ballywire project [3][26] Drilling Results - The latest drill hole 25-3552-47 intersected four zones of mineralization, including: - New Mineralized Zone (South) with 20.3m of 2.6% Zn+Pb, including 7.3m of 5.2% Zn+Pb and 10 g/t Ag [4][12] - Deeper Cu-Ag Zone with 11.3m of 0.26% Cu and 8 g/t Ag [4][12] - Drill hole 25-3552-45 also reported significant mineralization along a fault structure, indicating strong exploration potential further along the section [11][15] Exploration Potential - The exploration upside at Ballywire is significant, with the majority of the 6km long prospective trend yet to be drilled, suggesting a robust future for mineral discovery [3][10] - The company has completed or is near completion of thirteen new holes, indicating ongoing exploration efforts [16][17] Company Background - Group Eleven Resources Corp. is recognized for the Ballywire discovery, which is considered the most significant mineral discovery in Ireland in over a decade, with high grades of zinc, lead, silver, and copper [26][27] - The company has a strong treasury and is well-positioned to continue its exploration activities [3][10]
American Critical Minerals Provides Update on Process and Timelines to Launch Confirmation Drill Program Planned for its Green River Potash & Lithium Project
Accessnewswire· 2025-12-02 10:00
Core Viewpoint - American Critical Minerals Corp. is advancing its initial drill program at the Green River Potash and Lithium Project in Utah's Paradox Basin following successful funding efforts [1] Funding and Financials - The company closed a Bought Deal Offering and a Concurrent Non-Brokered Offering, raising approximately $7,451,000 in gross proceeds, which will be used for final bonding and drilling launch [1] Technical Expertise - With the appointment of Dean Pekeski and the existing Technical and Advisory Team, the company has enhanced its in-house expertise and technical capability for drilling and developing the project [1] Project Status - The company has three drill holes within its State of Utah Potash Mineral Leases (SITLA Leases) that are fully permitted and bonded for drilling [1]
District Identifies Large and Robust Targets from Airborne MobileMT Survey at Malgomaj Alum Shale Property in Sweden
Newsfile· 2025-12-02 07:00
Core Insights - District Metals Corp. has reported positive results from the airborne Mobile Magnetotelluric (MobileMT) survey at its Malgomaj mineral licenses in Sweden, indicating significant geophysical anomalies that may represent mineralized Alum Shales [1][5][11] Summary by Sections Survey Results - The MobileMT survey covered approximately 37,132 hectares and identified six low resistivity (highly conductive) anomalies, which are consistent with the signature observed at the Viken Deposit [5][11] - Target A measures 20.4 km long by up to 5.4 km wide, while Target B is 17.7 km long by up to 4.1 km wide, both interpreted to be Alum Shale [9] Strategic Developments - Based on the survey results, the company has applied for a new mineral license adjacent to the existing Malgomaj mineral license to cover potential extensions of the MobileMT anomaly [2] - The Malgomaj property, along with the Österkälen and Tåsjö licenses, forms part of the company's Alum Shale Properties, covering approximately 79,250 hectares [3] Technical Confidence - The clarity of the newly defined MobileMT conductive anomalies, combined with their favorable structural context, provides a high level of technical confidence for the presence of thick, mineralized Alum Shales [11] - The results represent a significant advancement in the company's strategy to delineate drill-ready targets in an underexplored region rich in various critical raw materials [5][11] Regulatory Context - The Swedish Government has approved the proposal to lift the ban on uranium exploration and mining, with legislation expected to be revised on January 1, 2026, which may enhance the exploration potential for the company [12]
Greenridge Exploration Announces Flow-Through Financing
Globenewswire· 2025-12-01 22:00
Core Viewpoint - Greenridge Exploration Inc. is initiating a non-brokered private placement to raise up to C$2,000,000 through the sale of flow-through units, aimed at funding exploration activities on its project portfolio [1][4]. Group 1: Offering Details - The Offering will consist of up to 5,714,286 flow-through units priced at C$0.35 each, with each unit comprising one common share and one purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.40 for a period of 24 months from issuance [2]. - The Offering is subject to necessary approvals, including from the Canadian Securities Exchange [5]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to eligible Canadian exploration expenses qualifying as flow-through mining expenditures related to the Company's projects [4]. - All qualifying expenditures will be renounced in favor of the subscribers effective December 31, 2025 [4]. Group 3: Company Overview - Greenridge Exploration Inc. is focused on mineral exploration, owning interests in 21 projects covering approximately 281,100 hectares, with a focus on uranium, lithium, nickel, copper, and gold [6][8]. - The Company has one of the largest uranium property portfolios in Canada, with 13 projects covering about 194,350 hectares [7]. - The management team possesses significant expertise in capital raising and advancing mining projects, positioning the Company to attract new investors [8].
Storm Exploration Enters Agreement to Sell the Miminiska Project
Accessnewswire· 2025-12-01 20:50
VANCOUVER, BC / ACCESS Newswire / December 1, 2025 / Storm Exploration Inc. (TSXV:STRM) ("Storm" or the "Company") is pleased to announce that it has entered into a mineral property purchase agreement (the "Definitive Agreement") dated November 28, 2025 with European Electric Metals Inc. (TSXV: EVX) ("European Electric"), pursuant to which Storm will sell, subject to the satisfaction of certain conditions, its interest in the Miminiska Project, located in northwestern Ontario, that Storm will acquire by exe ...
Brixton Metals Makes Copper-Gold-Silver Porphyry Discovery at the Tempest Target on its Thorn Project
Globenewswire· 2025-12-01 19:29
Near Surface Mineralization; 16.55m of 0.63% CuEq and 27.22m of 0.42% CuEq within 90.00m of 0.33% CuEqVANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce the discovery of a second copper-gold porphyry system this season at the Tempest Target within its wholly owned Thorn Project located in northwestern British Columbia. The Tempest Porphyry Target is located approximately 2 kilometres southwe ...
Bolt Metals Announces Private Placement
Thenewswire· 2025-12-01 14:25
Vancouver, British Columbia - TheNewswire - December 1st, 2025 – Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK), a North American mineral acquisition and exploration company, is pleased to is pleased to announce a non-brokered private placement of up to 12,903,225 special warrants of the Company (each, a “Special Warrant”) at a price of $0.31 per Special Warrant, for aggregate gross proceeds of up to $4,000,000 the “Offering”). Each Special Warrant will automatically con ...
PTX Metals Launches 5,000m Drill Program at W2 Copper-Nickel-PGE-Gold Project as Metallurgy, Geophysics, and Infrastructure Agreements Strengthen Outlook
Newsfile· 2025-12-01 14:03
PTX Metals Launches 5,000m Drill Program at W2 Copper-Nickel-PGE-Gold Project as Metallurgy, Geophysics, and Infrastructure Agreements Strengthen OutlookDecember 01, 2025 9:03 AM EST | Source: PTX Metals Inc.Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) ("PTX" or the "Company") is pleased to announce commencement of a 5,000m diamond drilling program at its W2 Copper-Nickel and Platinum-Palladium-Gold (PGE) Project in Ontario, Cana ...
Mogotes Metals Announces Issuance of Common Shares in Connection with Option Agreement with Compania Minera del Pacifico S.A
Newsfile· 2025-12-01 13:36
Mogotes Metals Announces Issuance of Common Shares in Connection with Option Agreement with Compania Minera del Pacifico S.ADecember 01, 2025 8:36 AM EST | Source: Mogotes Metals Inc.Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") is pleased to announce that the Company has issued 2,310,579 common shares in the capital of the Company (each, a "Common Share") to Compañía Minera del Pacifico S.A. ("CM ...
Beyond Lithium Inc. to Present at the Precious Metals & Critical Minerals Virtual Investor Conference December 3rd at 1:00-1:30pm EST/10:00-10:30am PST
Globenewswire· 2025-12-01 13:35
WINNIPEG, Manitoba, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Beyond Lithium Inc. (CSE:BY) (OTCQB: BYDMF), based in Winnipeg, Manitoba focused on Canadian critical minerals exploration, today announced that Mr. Allan Frame President and CEO, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted by VirtualInvestorConferences.com, on December 3rd. DATE: December 3rd TIME: 1:00-1:30pm EST/ 10:00-10:30am PTSTLINK: REGISTER HEREAvailable for 1x1 meetings: December 4, 2025. Sched ...